Given:
initial value = 16,000
depreciation rate = 35%
current value = 2,000
equation:
2,000 = 16,000 (1-r)^t
2,000 = 16,000 (1-0.35)^t
2,000 = 16,000 (0.65)^t
2,000/16,000 = 0.65^t
0.125 = 0.65^t
log(0.125) = log(0.65^t)
log(0.125) = log(0.65) * t
log(0.125) / log(0.65) = t
4.82 = t
or 5 years
16,000 * 0.65 = 10,400
10,500 * 0.65 = 6,760
6,760 * 0.65 = 4,394
4,394 * 0.65 = 2,856.10
2,856.1 * 0.65 = 1,856.47
16 more inches. 1 foot is equal 12 inches. 28-12=16
Answer:
3.08$
Step-by-step explanation:
43.99 x 7% (0.07) = 3.08
Answer:
r = 13.33
Step-by-step explanation:
d = k*r*t
Where,
k = constant of proportionality
d = 110 when r = 55 and t = 2
d = k*r*t
110 = k * 55 * 2
110 = 110k
k = 110/110
k = 1
Find r when d = 40 and t = 3
d = k*r*t
40 = 1 * r * 3
40 = 3r
r = 40/3
= 13.333333333333
Approximately,
r = 13.33